Gov Walker steals from mortgage settlement fund

[Riot]

Can everyone stop pretending that this liar balanced the budget? He didn't, and he "newly reveals" he didn't. It's only balanced by using cash accounting tricks, rather than general approved accounting practices, like he promised.

And to cover his shortfall, he is stealing millions from the citizens of Wisconsin from the mortgage settlement fund. Citizens who have already contacted the lead Attorney in the settlement to see if this is even legal.

What a despicable loser this man is. Stealing more from his citizens. That money is settlement for the victims of mortgage fraud and wrongful foreclosure

.... snip ...

Wisconsin will use a chunk of its $140 million share of a national settlement over foreclosure and mortgage-servicing abuses to help the state budget rather than assist troubled homeowners, Gov. Scott Walker and state Attorney General J.B. Van Hollen said Thursday.

Walker and Van Hollen said the majority of the settlement amount earmarked to Wisconsin under a $25 billion proposed nationwide agreement announced Thursday still would go to aid consumers in Milwaukee and other communities struggling with the specter of home foreclosure.

But of a $31.6 million payment coming directly to the state government, most of that money - $25.6 million - will go to help close a budget shortfall revealed in newly released state projections. Van Hollen, whose office said he has the legal authority over the money, made the decision in consultation with Walker.

http://www.jsonline.com/news/wiscons...139014139.html

State faces massive budget deficit/shortfall, and the only state in the country to have six straight months of job losses

http://www.jsonline.com/news/statepo...139047659.html

[dellinger63]

Why don't you check the deficit for IL last year and get back to us.

Then look at unemplolyment numbers, graduation rates, test scores and realize there's nothing to worry about in WI.

In fact it is providing a blue print for other States to follow.

[dellinger63]

and when you use a small portion of a settlement to balance a budget is not stealing.

If he had sent it to Egypt, Solondra, big banks and GM now that's stealing.

[Danzig]

wow, i thought when i looked the story up that i'd see charges filed for embezzlement.

[dellinger63]

I suppose those who live near foreclosed homes were victimized as well as those who were forced to pick up for the loses on their property taxes.

Local news was reporting on the one-year anniversary of the Madison union protests calling those who showed up 1%ers.

There were more people at a snowball (softball on ice) tournament I went to than at the capital.

[wiphan]

Originally Posted by Riot

Can everyone stop pretending that this liar balanced the budget? He didn't, and he "newly reveals" he didn't. It's only balanced by using cash accounting tricks, rather than general approved accounting practices, like he promised.

And to cover his shortfall, he is stealing millions from the citizens of Wisconsin from the mortgage settlement fund. Citizens who have already contacted the lead Attorney in the settlement to see if this is even legal.

What a despicable loser this man is. Stealing more from his citizens. That money is settlement for the victims of mortgage fraud and wrongful foreclosure



State faces massive budget deficit/shortfall, and the only state in the country to have six straight months of job losses

http://www.jsonline.com/news/statepo...139047659.html

I must have missed your postings when Gov. Doyle took the money from the Tobacco settlement to fix the budget, or when he raided the transportation and physicians funds. Also not sure you posted anything about how most of the stimulus $ was used to fix budget issues and not actually provide any stimulus. A good portion of the mortgage settlement was because banks eluded some government recording fees with Robosigning, but I guess that really doesn't matter. Let's stop pretending that people that get foreclosed on are victims. The state of WI is the MOST consumer protective state in the union and there is an extensive foreclosure procedure that takes place so stop pretending that these people are victims of the banks. Some may have lost jobs and had bad things that happen, but so is life and some times life sucks, but stop blaming everyone else and take responsibility for your own actions. Buck up buttercup!

[Riot]

Scott Walker: lying to the people of Wisconsin regarding budget and jobs.

Currently having his Koch Brothers owners, Americans for Prosperity, paying $700,000 worth of lying ads on television about how he balanced the budget and created jobs. Sixth straight month of jobs loss in Wisconsin, leads the nation. Walker fixing and balancing budget a lie, he has a $150 million deficit.

Stealing from a settlement fund, money for his citizens that have suffered from wrongful foreclosure and mortgage fraud, just as he decried during the tobacco settlement, to balance the budget deficit he lies about having.

Walker's office embroiled in the FBI John Doe investigation, with multiple felony arrests in the ongoing investigation and the governor now admitting it was the FBI that wanted to talk to him, not the other way around. Good thing Walker hired his two criminal defense attorneys.

The Republican Party of Wisconsin embroiled in legal tangles due to their apparently illegal and unethical secret redistricting plan, including having GOP legislators sign secret non-disclose pacts. Three judges just ordered GOP to turn over 84 documents they have been withholding from investigation.

Four Republican state reps under recall, including the head of the Legislature. The Governor and his Lt. under recall.

Wisconsin citizens are trying to take their state back from the corrupt Republican thieves and thugs now in charge.

Keep defending these losers

[wiphan]

Originally Posted by Riot

Scott Walker: lying to the people of Wisconsin regarding budget and jobs.

Currently having his Koch Brothers owners, Americans for Prosperity, paying $700,000 worth of lying ads on television about how he balanced the budget and created jobs. Sixth straight month of jobs loss in Wisconsin, leads the nation. Walker fixing and balancing budget a lie, he has a $150 million deficit.

Stealing from a settlement fund, just as he decried during the tobacco settlement, to balance his deficit budget.

Walker's office embroiled in the FBI John Doe investigation, with multiple felony arrests in the ongoing investigation and the governor now admitting it was the FBI that wanted to talk to him, not the other way around. Good thing Walker hired his two criminal defense attorneys.

The Republican Party of Wisconsin embroiled in legal tangles due to their apparently illegal and unethical secret redistricting plan.

Four Republican state reps under recall, including the head of the Legislature. The Governor and his Lt. under recall.

Wisconsin citizens are trying to take their state back from the Republican thiefs and thugs.

Keep defending these losers

Good redirect without actually disputing any of my points. I guess you stated that Walker critized Doyle for taking the tobacco $ for the budget (which I don't recall). I actually thought that was one thing Doyle did right.

why don't you start looking at your lovely hand picked democratic candidate from WEAC who illegally has taken a pledge to restore collective bargaining in order to gain the financial backing of the Unions with back peddling Mary Bell (once she realized what she was doing was illegal).

Also still waiting to hear how you would like the mortgage settlement money spent?

[Clip-Clop]

Originally Posted by wiphan

Good redirect without actually disputing any of my points. I guess you stated that Walker critized Doyle for taking the tobacco $ for the budget (which I don't recall). I actually thought that was one thing Doyle did right.

why don't you start looking at your lovely hand picked democratic candidate from WEAC who illegally has taken a pledge to restore collective bargaining in order to gain the financial backing of the Unions with back peddling Mary Bell (once she realized what she was doing was illegal).

Also still waiting to hear how you would like the mortgage settlement money spent?

It should be given to the "victims" of all this fraud. Clearly they know how to handle money.

[Riot]

Originally Posted by wiphan

Good redirect without actually disputing any of my points.

Well, changing the subject, and ignoring the disaster Walker is, is what you do Care to comment on the subject of the thread? The corrupt Republicans now in Wisconsin? Lead by Governor Walker and the Fitzgerald Brothers?

Face it: Walker is a liar, and a thief, and is under FBI investigation for association with the felonies in his office at his previous position.

Did you like that midnight legislative session Fitzgerald called this AM? Middle of the night sneaking, what the GOP in Wisconsin does best.

How about this GOP revelation from yesterday?

State worker married to GOP official gets promotion, big raise
Patrick Marley of the Journal Sentinel
Feb. 14, 2012

Madison - The head of a state agency late last year gave a political appointment - and a nearly $27,000 annual raise - to the wife of a Republican Party official without considering any other applicants, state records show.

In December, Angela Herl took over a state division with 40 employees that processes credentials for dozens of professions such as doctors, even though she had no direct experience in that area. Herl had not previously managed any staff during her 20 years working for the state as a payroll and benefits specialist.

With the new job, Herl received a 49% pay boost, raising her annual salary from $54,378 to $81,265.

Herl is married to Mike Herl, chairman of the Dane County Republican Party, and she landed her new job less than a year after GOP Gov. Scott Walker faced an uproar over the hiring of a campaign donor's son with few qualifications.

[Riot]

Originally Posted by Clip-Clop

It should be given to the "victims" of all this fraud. Clearly they know how to handle money.

Defending the five big banks from illegal mortgage fraud practices they have conducted, and the national settlement in billions they have to make, with the attorneys general of 49 states.

Nobody is talking about people who lost their houses due to their own overreach. They are not part of this bankster fraud settlement.

[wiphan]

Originally Posted by Riot

Well, changing the subject, and ignoring the disaster Walker is, is what you do Care to comment on the subject of the thread? The corrupt Republicans now in Wisconsin? Lead by Governor Walker and the Fitzgerald Brothers?

Face it: Walker is a liar, and a thief, and is under FBI investigation for association with the felonies in his office at his previous position.

Did you like that midnight legislative session Fitzgerald called this AM? Middle of the night sneaking, what the GOP in Wisconsin does best.

How about this GOP revelation from yesterday?

I think it is absolutely fine to take the $ from the mortgage settlement and use it to help balance the budget. I think you are a hypocrite for calling Walker a thief for taking the money and using it for something good and needed when you didn't do that when the democrats did the same thing.

[Clip-Clop]

Originally Posted by Riot

Defending the five big banks from illegal mortgage fraud practices they have conducted, and the national settlement in billions they have to make, with the attorneys general of 49 states.

Nobody is talking about people who lost their houses due to their own overreach. They are not part of this bankster fraud settlement.

But they are though, unless I am reading it wrong people who are simply "underwater" (didn't have a down payment and should never have bought in the first place or refi'd for way over value) are included and are being paid.

[Riot]

Originally Posted by wiphan

I think it is absolutely fine to take the $ from the mortgage settlement and use it to help balance the budget. I think you are a hypocrite for calling Walker a thief for taking the money and using it for something good and needed when you didn't do that when the democrats did the same thing.

LOL. I think the Dem governor doing the same thing was wrong. So sorry, your label doesn't stick.

The clear hypocrite is Scott Walker, for whining that the Dem Governor did so - yet is doing the exact same thing himself, right now: stealing money from the settlement to balance the budget he's lied about and said was balanced. $150 million deficit in the whole. I think it's appalling he's stealing this money from the victims of the fraudulent practice of the banks to cover his deficit before the recall election. While he has the Koch brothers put lying ads on TV saying the budget is balanced.

You are defending your industry, and this lying scumbag. Good luck with that.

[Riot]

Originally Posted by Clip-Clop

But they are though, unless I am reading it wrong people who are simply "underwater" (didn't have a down payment and should never have bought in the first place or refi'd for way over value) are included and are being paid.

No, simply being "underwater" by itself doesn't qualify. This is for the victims of the bankster illegal activities, the mortgage fraud and illegal practices done by the banks. And it does not relieve the banks or protect them from any additional investigations or charges.

[wiphan]

Originally Posted by Riot

LOL. I think the Dem governor doing the same thing was wrong. So sorry, your label doesn't stick.

The clear hypocrite is Scott Walker, for whining that the Dem Governor did so - yet is doing the exact same thing himself, right now: stealing money from the settlement to balance the budget he's lied about and said was balanced. $150 million in the whole. I think it's appalling he's stealing this money from the victims of the fraudulent practice of the banks. You are defending your industry. Good luck with that.

Please educate yourself on the mortgage settlement and get back to me with your plan on what the states should do with this money. Do you want them to cut checks to people that didn't make their payments that were foreclosed on? How do you want the $ spent? How about all the unpaid government recording fees that the banks skipped out on should we not worry about those?

[Riot]

Originally Posted by wiphan

Please educate yourself on the mortgage settlement and get back to me with your plan on what the states should do with this money. Do you want them to cut checks to people that didn't make their payments that were foreclosed on? How do you want the $ spent? How about all the unpaid government recording fees that the banks skipped out on should we not worry about those?

Please educate yourself on the mortgage settlement: they should do with the money exactly what is itemized in the legal settlement agreement. Which does NOT include Scott Walker stealing multiple millions to balance his budget, does it?

[dellinger63]

Originally Posted by Riot

Defending the five big banks from illegal mortgage fraud practices they have conducted, and the national settlement in billions they have to make, with the attorneys general of 49 states.

Nobody is talking about people who lost their houses due to their own overreach. They are not part of this bankster fraud settlement.

And to think not too long ago Obama & Co financially supported those big five banks and as I recall you supported him doing so.

[Clip-Clop]

Originally Posted by Riot

No, simply being "underwater" by itself doesn't qualify. This is for the victims of the bankster illegal activities, the mortgage fraud and illegal practices done by the banks. And it does not relieve the banks or protect them from any additional investigations or charges.

Certain states are doing exactly that, qualifying underwater homeowners for relief.

[wiphan]

Originally Posted by Riot

Please educate yourself on the mortgage settlement: they should do with the money exactly what is itemized in the legal settlement agreement. Which does NOT include Scott Walker stealing multiple millions to balance his budget, does it?

Since you don't take time to read the actual portion that states the payments to the states. I will post it for you so hopefully you can read it.
How much did walker so call steal? Was it the entire amount or was it the portion that could be designated as civil penalties?


VI. Payments to the States
The remaining settlement funds, approximately $2.5 billion, will be paid to the participating states.
The funds may be distributed by the attorneys general to foreclosure relief and housing programs,
including housing counseling, legal assistance, foreclosure prevention hotlines, foreclosure
mediation, and community blight remediation. A portion of the funds may also be designated as
civil penalties for the banks robo-signing misconduct